Low-income students' preferences for higher education might depend on the uncertainty of financial aid. Using a time discontinuity design, this paper exploits the unanticipated cancellation of a nationwide Colombian merit and need-based scholarship, called "Ser Pilo Paga," to study its consequences on students' preferences for higher…

This study analyzes the policy process through which two states determined education beneficiary programs of newly adopted state lotteries. Tennessee, in 2003, followed the regional pattern of allocating all lottery proceeds to merit-based college scholarships. North Carolina, in 2005, bucked this trend by allotting no lottery revenue for merit…

In the knowledge economy, the journey of education to develop a flexible, knowledgeable, and skilled workforce should begin in pre-school and continue until at least an associate degree--the equivalent of a high school diploma a generation ago--is achieved. A high school diploma is not sufficient to compete in a global economy. The number of…

The Kentucky Educational Excellence Scholarship (KEES) is a broad-based initiative that provides the opportunity for traditional and nontraditional secondary school students and General Educational Development (GED) recipients to earn scholarships that may be used at Kentucky colleges, universities, and selected technical and vocational education…